Venkata Ramana Rao Maganti vs UCO Bank - 2023 Supreme(Telangana) 355

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2023 Supreme(Telangana) 355

K. LAKSHMAN
Venkata Ramana Rao Maganti – Appellant
Versus
UCO Bank – Respondent

Advocates Appeared:
For the Petitioner: Malipeddi Abhinay Reddy.
For the Respondent: Ms. Shalini.

ORDER :

Heard Mr. Vikram Poosarla, learned senior counsel representing Mr.Abhinay Reddy, learned counsel for the petitioner in W.P.No.1531 of 2023 and Ms. Shreya Devaki, learned counsel for the petitioner in W.P. No.1534 of 2023, Ms. Shalini, learned Standing Counsel appearing for respondent Nos.1 to 3, and Mr.Gadi Praveen Kumar, learned Deputy Solicitor General of India appearing on behalf of respondent Nos.4 to 6.

2. The grievance in both the writ petitions is one and the same and, therefore, they were heard together and disposed of by way of this common order.

3. FACTS OF THE CASE:

i) Petitioner in W.P.No.1531 of 2023 i.e., Dr. Venkata Ramana Rao Maganti, is the husband of writ petitioner in W.P.No.1534 of 2023 i.e., Ms. Usha Rani Maganti. The petitioner in W.P. No.1531 of 2023 sought a direction to the respondents to permit him to travel abroad viz., Sapin from 30.01.2023 to 05.02.2023 and to USA from 10.02.2023 to 28.02.2023, while the petitioner in W.P.No.1534 of 2023 sought permission to travel abroad viz., USA from 10.02.2023 to 22.03.2023.

ii) The petitioner in W.P.No.1531 of 2023 i.e., Dr. Venkata Ramana Maganti in his personal capacity had availed loan to a tune of Rs.75.00 l